Key points:
- Camping World now expects FY 2026 Adjusted EBITDA to fall below its previously guided range of $230M-$270M, citing weaker RV demand and vehicle margins.
- New and used vehicle unit sales remained soft through Q3, while a more promotional environment pressured new vehicle front-end margins.
- The company identified additional headcount reductions expected to generate at least $50M in incremental annualized savings, on top of its previously announced $100M SG&A savings and efficiency program.
- Camping World is closing four dealerships, two of which it currently intends to reopen later, as it moves to streamline its cost structure.
- It is also exploring a refinancing of its existing term loan facility to increase financial flexibility, though there is no assurance the refinancing will be completed.
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